Speaking to reporters at a product launch in Sydney, Sixt said: "We are very fortunate all the performance factors of the 3 Group are improving and we have set a target to in effect be self funding in that business before capital expenditure in the second half of this year. At the same time, all the group's other businesses are developing very well in their own areas and producing very good growth."

Sixt also said the group continues to look for acquisitions in the ports space around the globe, with a particular emphasis on growing areas such as the Middle East and the Baltic region.

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